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Combined Export of World’s Major Desiccators Down in May

According to collated country data from the Philippines Statistics Authority and Sri Lanka’s Coconut Development Authority, the combined export of desiccated coconut in May by the Philippines and Sri Lanka dropped by 13.6% to 9,879 MT from 11,442 MT in a similar month last year. Export from the Philippines, which accounted for 83.9% of combined volume, was down by 8.2% at 8,285 MT from 9,029 MT. Shipment from Sri Lanka at 1,594 MT radically dropped by 33.9% from 2,413 MT year-ago. Computed average traded price of Philippine desiccated coconut was USD2,376.17/MT FOB (USD2,345.87/MT last year) as against Sri Lanka product with average price at USD3,342.61/MT FOB (USD2,920.87/MT).

The cumulative figure for January-May this year at 42,718 MT dropped by 15.5% from 50,562 MT in the same period year-ago. Export from the Philippines at 35,762 MT slid by 3.3% from last year at 36,999 MT, while delivery from Sri Lanka at 6,956 MT dived by 48.7% from 13,563 MT. In terms of market share, the Philippines was responsible for 83.7% and Sri Lanka 16.3%.